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Could be that my link is not a realiable source, who knows. But I found a 13F on the Edgar/SEC website, indicating that the fund owns 1 security. (Didn’t list the security.)

https://whalewisdom.com/filer/scion-asset-management-llc#tabholdings_tab_link

Sort of what I’m thinking. There’s gotta be a reason, that he out the ENTIRE PORTFOLIO - 100%- into this thing

Not a concern. It just made me wonder. Are these clients connected in some way? Is it a family office? Could they be using the pe fund as a vehicle to do a LBO? Just thinking out loud

I hadn’t gotten a chance to look at the market until around 10:30,when TQQQ had given up all it s opening move gains. It looked like it was starting to move back up, so I hopped on. Just didn’t make the sustained move I wanted, so I got out when it felt “directionless”

Yeah I agree, I couldn’t find anything on the chart OR in their fundamentals, OR in the news, OR anywhere, I couldn’t find anything of interest. Just wondering why a hedge fund would do that. In fact, why a hedge fund would have 4 clients makes it more curious.

i sold it pretty much for that reason, my sale was at 1:48 pm (and 1:53 in second account) which as you can seeon your chart was the second time it got rejected just above $22.50

What’s up with this stock? I saw a video of a speech by Michael Burry, who runs a hedge fund, Scion Asset Management (he’s the guy that saw the Sub Prime crisis coming in 2007 and called it.) so it prompted me to look up Scion Asset Management. According to their 10Q from I think June, in the...

Yeah I’m aware, but it doesn’t apply to me, I’ve got more than enough assets to skirt the rule. i posted above, todays Tqqq trade was a $198 gain. Small trades, actually bought in two accounts. I don’t like holding these things overnight. In fact I don’t like holding them for more than a few...

I haven’t been. I know I should. When I have a position on , I’m glued to the screen. I only trade when I’ve got nothing else important to do. No trading tomorrow, having surgery

tax deferred. I pay ordinary income tax on withdrawals. I did some of this in my non Ira account, then realized, it makes no sense, because of wash sale rule.

I think I’m pretty realistic. I know I’ll have bad days as well as good days. (Otherwise I’d just close out trades at $100 profit and call it a day. and yeah it’s been 3 days, that I’ve been trading these particular ETFs, and feeling like I’m in synch. So I know I need to hold my horses

Lol I forgot I’m talking to Trader is not financial planners. Or in these is required minimum distributions on my IRA. Have to start taking it at age 72 I turn 72 in November

I’m out, average price $22.46. made $198 profit . Nothing great. But on the other hand I’ve always said that a reasonable goal would be to make enough each year to pay the taxes in my RMDs which start this year. If I make $100 a day on average, that’s about $25,000 a year, enough to pay those...

Who even cares? It’s semantics

No I bought TQQQ this morning at 22.15. Small size. Profitable so far (1:16 pm EST) but not by much

That’s exactly what happened it retraced

Yes one round trip second day I’ve been trading might be repeatable time will tell

Just did the one. Then stopped trading for the Jewish Holiday, (see above post)

I’ve started watching both 1 and 5 minute charts today. 5 minute seems to help me avoid shakeouts that are fake outs. Just a small trade today on SQQQ, made $100. I think I’m done, it’s religious holiday, feeling like I shouldn’t trade today. So I’ll end the day with a profit and just reflect on...